Fair Value Measurements (Details) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair value amount of Level 1 to Level 2 assets transferred | | $ 0 | | $ 0 | | |
Fair value amount of Level 2 to Level 1 assets transferred | | 0 | | 0 | | |
Fair value amount of Level 1 to Level 2 liabilities transferred | | 0 | | 0 | | |
Fair value amount of Level 2 to Level 1 liabilities transferred | | 0 | | 0 | | |
Assets | | | | | | |
Total derivative assets, netting adjustment | [1] | (40,000,000) | | (40,000,000) | | $ (64,000,000) |
Total assets | | 776,000,000 | | 776,000,000 | | 1,199,000,000 |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | [1] | (72,000,000) | | (72,000,000) | | (83,000,000) |
Total liabilities | | 680,000,000 | | 680,000,000 | | 692,000,000 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | | (662,000,000) | $ (700,000,000) | (622,000,000) | $ (704,000,000) | |
Total gains (losses) | | (11,000,000) | (6,000,000) | (16,000,000) | 0 | |
Total settlements | | 44,000,000 | 0 | 11,000,000 | (4,000,000) | |
Transfers into Level 3 | | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | |
Transfers out of Level 3 | | 0 | (7,000,000) | (2,000,000) | (6,000,000) | |
Ending balance (1) | [2] | (628,000,000) | (712,000,000) | (628,000,000) | (712,000,000) | |
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date: | | (9,000,000) | (9,000,000) | (23,000,000) | (2,000,000) | |
Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 8,256,000,000 | | 8,256,000,000 | | 8,679,000,000 |
Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 8,470,000,000 | | 8,470,000,000 | | 9,220,000,000 |
Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative fair value offsets, net | | 32,000,000 | | 32,000,000 | | 19,000,000 |
Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 656,000,000 | | 656,000,000 | | 1,045,000,000 |
Liabilities | | | | | | |
Total liabilities | | 1,000,000 | | 1,000,000 | | 0 |
Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 142,000,000 | | 142,000,000 | | 161,000,000 |
Liabilities | | | | | | |
Total liabilities | | 105,000,000 | | 105,000,000 | | 96,000,000 |
Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 18,000,000 | | 18,000,000 | | 57,000,000 |
Liabilities | | | | | | |
Total liabilities | | 646,000,000 | | $ 646,000,000 | | 679,000,000 |
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Minimum [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair value inputs (price per MMBtu) | | | | 1.04 | | |
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member] | Maximum [Member] | | | | | | |
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items] | | | | | | |
Fair value inputs (price per MMBtu) | | | | 3.31 | | |
Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 586,000,000 | | $ 586,000,000 | | 963,000,000 |
Investments, including money market funds (2) | [4] | 70,000,000 | | 70,000,000 | | 68,000,000 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 14,000,000 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 1,000,000 | | 1,000,000 | | 0 |
Fair Value, Measurements, Recurring [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1] | 0 | | 0 | | 0 |
Derivative liabilities | | 641,000,000 | | 641,000,000 | | 668,000,000 |
Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset, netting adjustment | [1],[5] | (40,000,000) | | (40,000,000) | | (64,000,000) |
Derivative assets | [5] | 120,000,000 | | 120,000,000 | | 154,000,000 |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1],[5] | (72,000,000) | | (72,000,000) | | (83,000,000) |
Derivative liabilities | [5] | 38,000,000 | | 38,000,000 | | 24,000,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 586,000,000 | | 586,000,000 | | 963,000,000 |
Investments, including money market funds (2) | [4] | 70,000,000 | | 70,000,000 | | 68,000,000 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 14,000,000 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 1,000,000 | | 1,000,000 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5] | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Derivative liability | [5] | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5] | 142,000,000 | | 142,000,000 | | 161,000,000 |
Liabilities | | | | | | |
Derivative liability | [5] | 105,000,000 | | 105,000,000 | | 96,000,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | IDS Derivative [Member] | | | | | | |
Liabilities | | | | | | |
Derivative liability | | 641,000,000 | | 641,000,000 | | 668,000,000 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5] | 18,000,000 | | 18,000,000 | | 57,000,000 |
Liabilities | | | | | | |
Derivative liability | [5] | 5,000,000 | | 5,000,000 | | 11,000,000 |
CERC Corp [Member] | | | | | | |
Assets | | | | | | |
Total derivative assets, netting adjustment | [1] | (40,000,000) | | (40,000,000) | | (64,000,000) |
Total assets | | 133,000,000 | | 133,000,000 | | 182,000,000 |
Liabilities | | | | | | |
Total derivative liabilities, netting adjustment | [1] | (72,000,000) | | (72,000,000) | | (83,000,000) |
Total liabilities | | 39,000,000 | | 39,000,000 | | 24,000,000 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | | | | | | |
Beginning balance | | 12,000,000 | 27,000,000 | 46,000,000 | 13,000,000 | |
Total gains (losses) | | 1,000,000 | 7,000,000 | 3,000,000 | 23,000,000 | |
Total settlements | | (1,000,000) | 0 | (35,000,000) | (4,000,000) | |
Transfers into Level 3 | | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | |
Transfers out of Level 3 | | 0 | (7,000,000) | (2,000,000) | (6,000,000) | |
Ending balance (1) | [2] | 13,000,000 | 28,000,000 | 13,000,000 | 28,000,000 | |
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the reporting date: | | 3,000,000 | $ 4,000,000 | (4,000,000) | $ 21,000,000 | |
CERC Corp [Member] | Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | | 2,722,000,000 | | 2,722,000,000 | | 2,457,000,000 |
CERC Corp [Member] | Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | | 2,876,000,000 | | 2,876,000,000 | | 2,708,000,000 |
CERC Corp [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 13,000,000 | | 13,000,000 | | 28,000,000 |
Liabilities | | | | | | |
Total liabilities | | 1,000,000 | | 1,000,000 | | 0 |
CERC Corp [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 142,000,000 | | 142,000,000 | | 161,000,000 |
Liabilities | | | | | | |
Total liabilities | | 105,000,000 | | 105,000,000 | | 96,000,000 |
CERC Corp [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 18,000,000 | | 18,000,000 | | 57,000,000 |
Liabilities | | | | | | |
Total liabilities | | 5,000,000 | | 5,000,000 | | 11,000,000 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 2,000,000 | | 2,000,000 | | 3,000,000 |
Investments, including money market funds (2) | [4] | 11,000,000 | | 11,000,000 | | 11,000,000 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 14,000,000 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 1,000,000 | | 1,000,000 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset, netting adjustment | [1],[5] | (40,000,000) | | (40,000,000) | | (64,000,000) |
Derivative assets | [5] | 120,000,000 | | 120,000,000 | | 154,000,000 |
Liabilities | | | | | | |
Derivative liabilities, netting adjustment | [1],[5] | (72,000,000) | | (72,000,000) | | (83,000,000) |
Derivative liabilities | [5] | 38,000,000 | | 38,000,000 | | 24,000,000 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 2,000,000 | | 2,000,000 | | 3,000,000 |
Investments, including money market funds (2) | [4] | 11,000,000 | | 11,000,000 | | 11,000,000 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 14,000,000 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 1,000,000 | | 1,000,000 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5] | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Derivative liability | [5] | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5] | 142,000,000 | | 142,000,000 | | 161,000,000 |
Liabilities | | | | | | |
Derivative liability | [5] | 105,000,000 | | 105,000,000 | | 96,000,000 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Corporate equities | | 0 | | 0 | | 0 |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
Liabilities | | | | | | |
Hedged portion of natural gas inventory | | 0 | | 0 | | 0 |
CERC Corp [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Natural gas derivatives [Member] | | | | | | |
Assets | | | | | | |
Derivative asset | [5] | 18,000,000 | | 18,000,000 | | 57,000,000 |
Liabilities | | | | | | |
Derivative liability | [5] | 5,000,000 | | 5,000,000 | | 11,000,000 |
Houston Electric [Member] | | | | | | |
Assets | | | | | | |
Total derivative assets, netting adjustment | | 0 | | 0 | | 0 |
Total assets | | 52,000,000 | | 52,000,000 | | 51,000,000 |
Houston Electric [Member] | Carrying Amount [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 4,919,000,000 | | 4,919,000,000 | | 4,753,000,000 |
Houston Electric [Member] | Fair Value [Member] | | | | | | |
Estimated Fair Value of Financial Instruments | | | | | | |
Long-term debt, including current maturities | [3] | 4,991,000,000 | | 4,991,000,000 | | 5,034,000,000 |
Houston Electric [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 52,000,000 | | 52,000,000 | | 51,000,000 |
Houston Electric [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Total assets | | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 52,000,000 | | 52,000,000 | | 51,000,000 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 52,000,000 | | 52,000,000 | | 51,000,000 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | 0 | | 0 | | 0 |
Houston Electric [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | | | | | | |
Assets | | | | | | |
Investments, including money market funds (2) | [4] | $ 0 | | $ 0 | | $ 0 |
| |
[1] | Amounts represent the impact of legally enforceable master netting arrangements that allow CenterPoint Energy and CERC to settle positive and negative positions and also include cash collateral of $32 million and $19 million as of June 30, 2018 and December 31, 2017, respectively, posted with the same counterparties. | |
[2] | CenterPoint Energy and CERC did not have significant Level 3 sales or purchases during either of the three or six months ended June 30, 2018 or 2017. | |
[3] | Includes Securitization Bond debt. | |
[4] | Amounts are included in Prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets. | |
[5] | Natural gas derivatives include no material amounts related to physical forward transactions with Enable. | |